Unsecured Business Loans Shelly Park NZ

In The Next Few Hours, You Could Be All Set For Success WithThe Help Of a Shelly Park Business Loan

Unsecured Business Loans Shelly Park

A Shelly Park unsecured business loan is simple and quick to apply for. Apply for a loan quickly and begin using the money for your business.

  • Are additional funds able to help your company by allowing you to work capital or to take advantage of the opportunity for growth?
  • How are you financing your company needs?

What to expect:

  • It’s easy to apply to be approved and receive money as early as tomorrow
  • No reayments are permitted in the first four weeks
  • Amount of loan from $5k up to $500K
  • Terms from 3 to 36 month
  • Competitive rates of interest rates
  • Minimal docs

The eligibility requirements for an unsecured business loan for a business loan Shelly Park are fairly minimal.

Call Now 0800 500 870
Business business loans, interest rates and repayment terms and flexible repayment options that can be tailored to your business needs.
Business Lending Options
I'm now able to finance the construction of our fresh Shelly Park resturant without having draw cash from other restaurants.
Shelly Park Resturant Owner
A straightforward loan application process with a huge limit on borrowing, no requirements for credit and no need to submit a business plan. You no longer need to use your personal credit card and company credit cards to finance your company.
Unsecured Loans Made Simple
I'm now able to go on a holiday knowing the Shelly Park business will run well.
Local Business Owner
Business loans, especially an unsecured unsecured business loan or line of credit for business funding need never be an stressful process. Business finance can be in the form of small business loans at a fixed interest rates and repayment schedule which is compatible with the requirements of your company budget.
Business Lenders for Business Goals
I'm now able employ a marketer to help me take my company to the next level.
Growing Shelly Park Business
I am now able to make coffee for my customers using the very best equipment.
Cafe Owner
I'm able to get my taxes back on time.
Small Business Owner
Unsecured Business Loan Service Provider

Fast Approval Process

Making an application for an business financing within Shelly Park with us is simple and only takes a few minutes, no mountains of paperwork or queues.

Receive approval and funds within 1 – 2 business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

Our goal is to assist Shelly Park companies of all kinds, including medium, small and even solopreneurs access money quickly, so that they can use the loan to build and expand their business.

  • It all starts with a simple online application, or phone call
  • Flexible terms for repayment to fit your company
  • Quick funding in a day or two
  • A team wanting both you and your business to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The criteria for eligibility for an unsecured business loan in Shelly Park of between $5K to $100K are quite minimal.

  • At least 6 months in business
  • At least $6,000 of revenue per month
  • You must be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for proof of identity
  • Use a New Zealand bank as your principal trading account
  • Bank statements for the last 6 months

Need more funds? Review the eligibility requirements for our $100K to $500K company loan.

Here's How Other People Have Benefited

Examples of Business Loans

A gym that was in operation for more than 3 years was looking to expand and required additional equipment. With an average monthly revenue of $37K they borrowed$72K over a 24 month period. The loan was not secured and the loan was settled within only 24 hours.
Gym
A designer for interiors had seen an opportunity to expand their business and needed working capital to finance this growth. With monthly revenue of $300K they borrowed $250K over the course of 24 months. Their turnaround time was just 2 days and all they had for them to present is 12 months' worth of Bank statements IRD confirmation, IRD confirmation and their trust deed.
Interior Designer
A restaurant owner was wanting to open another restaurant and needed funding to remodel. The bank they approached wasn't interested in helping. Their typical monthly earnings was $50K and they were able to borrow $66K in 24 months. Turnaround was only 8 hours.
Restaurant Owner
Following the purchase of a pizza restaurant and 2 liquor stores six to 12 months earlier the new owners were looking for additional funds. The overall revenue was $500K per month and they were able to borrow $300K and split it into $100K per store with an option of both 24 and 36 months. No security over the owners homes was required.
Owner of a Pizza Store & 2 Liquor Stores
A business coach was looking to invest in an health as well as beauty business. With just under 12K in revenue per month the company borrowed $24K over 24 months. The loan was based on 12 months of bank statements and was completed in less than 8 hours.
Business Coach
Simple eligibility checklist

Larger Shelly Park Business Loan Eligibility Criteria

The eligibility requirements for loans from larger Shelly Park company loans of between $100K to $500K comprise:

  • Minimum of 3 year’s experience in business
  • At least $700K of annual revenue
  • You must be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for identification
  • Use an account at a New Zealand bank as your principal account for trading
  • Bank statements from the last six months
  • Some financial statements like Profit & Loss, and aged accounts Payable and Receivable

Do you need a smaller amount of funding? Find out the eligibility requirements for our $5K-$100K Shelly Park unsecured business loans.

Business Lending for a Cash Injection

What do you want to use the business loan in Shelly Park for?

A Shelly Park unsecured loan is perfect to use for any company need. Get in touch with us today.

  • Renovate or expand a commercial premises
  • Staff expansion during busy times
  • Increase stock quantities to meet demand
  • Create a new site or improve your marketing
  • Put money into new equipment, tools or the latest technology
  • Purchase additional stock to meet seasonal demand
  • Manage cash flow fluctuations
  • And many more …

Do you want to start working on one of these idea as quickly as tomorrow? Then get in touch with us or apply online now to get the fastest and most effective process.

Quick application checklist

What do you need to apply

All that is needed for starting is your contact details (company name, your name, email and telephone) and the amount you want to borrow, and your monthly revenue.

In the course of the process and before settlement we will require confirmation of your identity but not before we can begin:

  • Idenfication details (valid Driver’s License)
  • Details of the company including time of trading owner details, trading time, as well as details of ownership and trading time, as well as NZBN (New Zealand Business Number)

Additionally after we get started with loans of more than $150,000 you will also need the following financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Here's How Others Have Benefited

Examples of Business Loans

The busy Christmas season was fast approaching, a clothes store needed working capital to purchase more inventory and benefit from discounts offered by suppliers. They secured $20K over the course of 12 months with no security for assets and received the funds within 24 hours.
Clothing Store
Acquiring a pizza restaurant as well as two liquor stores six to 12 months earlier the new owners were looking for additional funds. The total revenue of the two stores was more than $500k per month. They could have borrowed $300K, split out as $100K per store on the option of 24- and 36 months. No security over the owners houses was required.
Owner of a Pizza Store & 2 Liquor Stores
A restaurant owner was wanting to open a second location and needed money to fund the remodel. Their bank was not willing to help. Their typical monthly earnings was $50K, and they were able borrow $66K over 24 months. The turnaround time was 8 hours.
Restaurant Owner
A business coach was looking to invest in the health and beauty company. With just under 12K in revenue per month they borrowed $24K in 24 months. This only required the submission of 12 months' bank statements and was completed in less than 8 hours.
Business Coach
A gym that was running for more than three years, was planning to expand and required additional equipment. With monthly revenue of $37K they borrowed $72K over a month period. No security was needed to secure the loan. It was ready to go within just 24 hours.
Gym

Unsecured Business Loan Shelly Park NZ 2014

The lending landscape has changed

In the wake of traditional lenders and banks tightening credit conditions and the constant stream of alternative and non-bank loan providers entering the market offers the perfect source to access.

Shelly Park SME’s are now capable of accessing finance through alternative lenders who service Shelly Park who are focused on facilitating business expansion or smoothing cash flow challenges. In the past, when personal credit sources (drawing equity from a house loan, or by using credit cards or personal loans, as well as overdrafts) provided the most viable alternative financing solutions available in Shelly Park that were available.

There’s no requirement for you to rely on the real estate market to secure company loans. With an unsecured loan business funding is simple. Instead of a loan for a term with a bank, business finance for a small company with interest rates and loan terms that aid in cash flow are available as business lending options.

 

 

High level summary

Separate personal and business debt

There are substantial benefits associated with the separation of personal and company debt.

  • Your home, or other investments, aren’t tied up for access to funds
  • It is the business has a stronger position to establish its own, solid credit history
  • It is significantly more seamless for tax time
  • Businesses are able to easily review their cash flow, monitor and plan based on being able to easily assess their cash flow position

Lower your risks, and make tax times much easier. Get started with an unsecure business loan. Make an application today.

For those who like the detail

Separate personal and business debt

Risk

One big drawcard for keeping your personal and company assets separate can be that your house does not have to be tied to access the funds. For a small business loan within Shelly Park up to $100K asset security won’t be needed as long as the borrower is able to meet their loan obligations.

Credit history

Businesses are in a more favourable long-term financial position if they are able to demonstrate credit/debt capability.

Tax

A separation between personal and company finances makes it significantly more straightforward when it comes to tax time, especially when it comes to determining the tax-deductible amount. The IRD has outlined the guidelines on the proof required in order to deduct deductions from the tax return of a company. This is a subject that the IRD has specifically advised on.

Cash flow

A well-organised cash flow management system is key for the longevity for any business. Through keeping your personal finances and company finance separate, companies can easily view the situation, track and plan based on the ability to effectively evaluate their cash flow situation.

I am now able to make beverages for clients using the very best equipment.
Cafe Owner
I am now able to take vacation knowing that I am confident that my Shelly Park business will run without a hitch.
Local Business Owner
Business loans, in particular those that are unsecured business loan or line of credit to business funding need have no tense process. Business finance in the form of small business loans that have an interest rates and repayment time that is suitable for the requirements of your business liquidity.
Business Lenders for Business Goals
Simple loan application procedure that comes with a high limit on borrowing, no requirements for credit and there is no requirement to present a business plan. You no longer need to use your personal credit card and company credit cards to finance your business.
Unsecured Loans Made Simple
Business loan interest rates and repayment conditions, and flexible repayment options to meet you company needs.
Business Lending Options
I'm now able hire a marketing specialist to help me take my company to the next level of business growth.
Growing Business
I'm able get my tax back in order.
Small Business Owner
I'm now able to finance the renovation of our new Shelly Park resturant without having draw cash from other restaurants.
Shelly Park Resturant Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Details of The Shelly Park Small Business Loans

Tell me how you are able to avail the Shelly Park Small Business Loans

Shelly Park unsecured loans offers amounts between $5,000 and $100,000, with terms ranging from 3 and 24 months. They also offer cash flow friendly repayments, which are either daily or weekly.

What makes the Unsecured Loan different from an traditional business loan?

The application to your Small Business Loan in under 10 minutes on the internet or over the phone, receive an instant response and funds may be in your account within 24 hours. Traditional business loans reference an annual interest rate plus other fees and charges. The business loan is an upfront priced loan and you’ll know in advance the total amount payable including any interest, fees or charges. Then, it is divided into a daily or weekly amount to be paid back.

What could be the Small Business Loan be used for?

A Small Business Loan can be used for nearly every company purpose including cash flow management, company remodels and marketing to purchase inventory, new equipment, for general working capital and so much more. The loan cannot be used for personal purposes.

About the Larger Shelly Park Business Loans

What is the Larger Shelly Park Business Loan?

The Larger Business Loan is a larger size loan to aid in business expansion opportunities. Loans are between $100,000 and $500,000 over a fixed term that can last up to 36 months. Repayments are either weekly or fortnightly in order to accommodate your cash flow.

How’s the Origination Fee determined?

The Larger Business Loan has an Origination Fee, calculated at 2.5 percent of the amount of the loan.

Can I get the Larger Business Loan?

To be eligible for a loan that is this large the business needs to be operating for at least three years with an annual turnover of $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) at least 18 years old, own a New Zealand business (with a valid NZBN/IRD) and be able of proving at minimum 12 months of continuous trading.

What can the funding be used for?

A large company loan can be used to fund almost all company use, including company renovations, to purchase inventory or new equipment, as general working capital and much more. The loan is not available for personal use.

Is the Larger Business Loan one that is secured?

Asset security is required to obtain funding above $150,000. It is usually by way of charge against assets, which could also include the registration of this with the PPSR or filing as a caveat.

A director’s or personal guarantee is a commitment to pay off a credit line that is generally in nature rather than specifying security over an asset. The person who signs the ensure is personally accountable if the business lender is not able to pay back the debt.

The Personal Property Securities Register (PPSR) is an online, central register that is operated by the New Zealand Government. It records security interests that have been granted to individuals who own personal property (including the assets or goods). The PPSR permits the priority of personal property granted in accordance with the date on which a security interest has been registered.

The caveat can be described as a formal form of document to offer notice of a legal claim on a property.

What exactly is a preapproval without Credit Check?

When you’re applying for a Larger Business Loan of more than $250K, we may offer an initial pre-approval that will help simplify the process. We could be able to make this decision without credit checks and within 6 hours of your initial application. This pre-approval is made based on an initial assessment that includes you answering a few financial well-being questions. This is neither an offer nor a guarantee of financing. A conditional approval is subject an assessment of your creditworthiness and any offer you might receive could be on different terms.

Application process

Do I qualify for funds?

You may be eligible for a business loan if you:

  • are a New Zealand Citizen (or Permanent Resident)
  • are at least 18 years old, have a New Zealand business (with a valid NZBN/IRD)
  • you must demonstrate at minimum 6 months worth of trade (for the unsecured loan $5K – $100K) or three years of trading (for the Larger Business Loan $100K to $500K)

How do I apply?

The process for applying is fast and simple. Complete the online form in just a few minutes, and a dedicated business expert in lending will be in touch to help you.

For a loan of up to $100,000 you’ll need proof of identity (valid Driver’s License) along with an active NZBN/IRD, and at least six months of bank statements.

If you’re looking for loans with larger sizes, you’ll need:

$100K-$250K: Information about the application including credit consent, 6 – 12 months of IRD statements, bank statements (if loan above $150K).
$250K – $500K: Details of the application, including credit consent, 12 months bank statement, an IRD statement Last 2 years’ finalised financial statements, as well as interim financial statements for the current year as well as Aged Payables and Receivables summaries.

How fast will I get a decision?

For an unsecured loan ($5K up to $100,000) we can often provide an answer in just one hour, provided you apply at quality company times and you allow us to utilise the advanced bank verification system to instantly verify your bank information online. If you opt to upload copies of your banking statements we can provide a decision in as little as an company day.

For the Larger Business Loan ($100K or more) we may be able to offer you with conditional pre-approval in about six hours. After you’ve signed your pre-approval, turnaround times are about 2-3 days for final approval, however it could be faster based on the circumstances of each application. Certain offers have been approved in the space of 24 hours.

The most effective method is to make sure you apply during normal business hours. Also, allow us to use the advanced bank verification system link to instantly verify your bank account information online. If you send us the copies of bank statements it can take a bit longer.

What is the time frame to receive the money?

For the Small Business Loan ($5K up to $100,000) we typically provide an answer in just one hour – as long as you submit your request at normal business times and you allow us to utilise the advanced bank verification system link to instantly verify your bank’s information online. If you choose to upload copies of your bank statements, we are able to offer the decision within 1 business day.

If you are applying for Larger Business Loans ($100K up to $500,000) we might be able to provide you with a conditional pre-approval within about six hours. Once you’ve signed the pre-approval form, it will take around 2-3 days for final approval, however this can be faster depending upon the circumstances for each application. Certain transactions have received approval within the space of 24 hours.

The quickest method for you to apply is make sure you apply during standard business hours. You can also permit us to use the sophisticated bank verification to instantly verify your bank account information online. If you decide to send us documents from your account accounts, it will take a little longer.

How much can I borrow?

We offer loans that range from $5,000 to $500,000. If you apply for a certain amount, we consider a variety of variables that determine how much we can lend you well-being of the company as well as the amount of payments your business is able to afford. The amount you receive from your loan will depend on the particular circumstances of your business.

When you submit an application for a set amount, we look at a range of elements to assess your well-being that is your business and the level of repayments your business can support. The amount you receive from the loan will be determined by the particular circumstances for your company.

Fees & repayments

How much should you charge for a company loan?

When you request business loans with us company credit, we will assess the risk profile the business and provide you with a tailored offer, including loan amount, term and interest rates. This business loan is an upfront cost loan which means you know in advance the total amount to be paid, including any costs, fees, or interest rates.

What is the basis for the rate I pay?

The interest rates on business loans rates vary due to variables like the amount to be borrowed, the business assets the money will be used for in addition to the industry that the company is in, how long the business has been operating for, what percentage of the business has enough cash flow to cover the loan, and overall health and creditworthiness of the business.

What are the cost?

There are no hidden costs for our business loans. You’ll know precisely what you need to pay and when, from the first day. There’s no compounding interest, and no extra fees (as long as you are able to make your payments punctually).

We do not charge an application fee. You can apply for a loan with with no upfront cost or the obligation to take action.

The Origination Fee is the cost associated with establishing and managing the loan. This is only a fee if you choose to proceed with the loan. Our Origination Fee is 2.5% of the loan amount.

Can I pay off the loan early?

You can decide to repay the entire amount of the loan early at any time.

If you are deciding to pursue this option, please speak to our friendly company credit experts. The specialists will provide you with details for repayment and an early payout figure. It will be calculated using the total of the principal remaining and any accrued interest at the time of early payout plus 1.5 percent of the principal amount remaining as well as any outstanding fees.

What are the repayment methods?

To help you avoid missing payment dates and to align your cash flow cycle we offer repayments that are either weekly or daily. They are automatically deducted from the nominated business account.

Security & privacy

Will my information be secure?

The security of your personal information, as well as making it clear how we collect data, process, exchange and protect your information, is vital and is a crucial part of our relationship you.

Is it safe to link my bank account to the platform?

Yes. We make use of industry-standard encryption techniques to protect your personal, sensitive and financial data and our funders are ISO 27001 qualified for our commitment to customer security and security. We use an advanced bank verification system link to instantly confirm your bank account information online. This allows us to provide an immediate response.

About business loans

How do you define asset-based lending (a secured loan)?

Asset-based borrowing is when an business owner borrows from the assets they have to secure the funds for a loan. The asset may be an asset belonging to the personal, like the family home, or a business asset such as a truck or piece of equipment.

The vast majority of lending institutions, not just the largest banks, are inclined to guarantee loans against assets. If you’re struggling to pay back the loan then your asset may be transferred to the lender. In essence it is a way of securing additional financing taking advantage of the value of what you already own.

Do I require security to get an company loan?

For loans of up to $150K, the requirement for asset security is not required before you are able to access the money, however we do require an individual guarantee. As long as you follow your loan obligations (as detailed in your loan contract document) and you are able to meet your obligations, asset security is not needed. If you take out loans in excess of $150,000 typically, you will need an individual guarantee and security in the form of an asset charge.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction houses or auction websites
  • Debt purchasers or debt collection companies
  • Direct marketing such as mail order, fundraising, telemarketing, direct-mail etc.
  • Financial lenders or institutions
  • {Firearm related businesses
  • Foreign currency exchange offerings
  • Customs clearing houses & freight forwarding
  • Anything gambling related
  • Non-profit organisations, charities, churches etc.
  • Smash repairers or panel beaters
  • Pawn shops & pawnbrokers
  • Property development
  • Shares, stockbrokers & investment businesses
  • Tattoo palours
  • Taxi and ridesharing services
  • Ticket resellers and entertainment sales
  • Vehicle towing services
  • Used automotive dealerships
  • Automotive glass tintingfirms
  • Automotive dismantlers

We can’t assist with an unsecured business loan for these types of industries, we may be able to help you by providing the secured business loan.

NZ Small Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

Apply Now

Apply Now

Contact Us

Contact Us

Contact Us

Fill out the form below or Call Now
0800 500 870